Loan Process
In ERPNext, "Process Loan Security" facilitates efficient management of factors associated with loans, ensuring accurate valuation and monitoring throughout the loan lifecycle, thereby mitigating risks. Conversely, "Process Loan Accrual" automates the accrual of interest income and expenses related to loans, calculating and recording interest accruals based on predefined terms. These features collectively contribute to a robust loan management system, promoting financial transparency and regulatory compliance.
Loan Process
pushkar edited 3 weeks agoIn ERPNext, "Process Loan Security" facilitates efficient management of collateral associated with loans, ensuring accurate valuation and monitoring throughout the loan lifecycle, thereby mitigating risks. Conversely, "Process Loan Accrual" automates the accrual of interest income and expenses related to loans, calculating and recording interest accruals based on predefined terms. These features collectively contribute to a robust loan management system, promoting financial transparency and regulatory compliance.